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The modern system of austerity took shape in the mid-1970s and we are still in its grip. Austerity is meant to trap us in a destructive double-bind; the race to the bottom for millions of people is also the race to the top for the few. The cost? More than $50 trillion. The human cost in misery, death, and despair? Devastating yet uncounted. More

The post The 50 Trillion Dollar Question: What is Austerity? appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Richard Moser.

Citations

[1] The 50 Trillion Dollar Question: What is Austerity? - CounterPunch.org ➤ https://www.counterpunch.org/2021/06/18/the-50-trillion-dollar-question-what-is-austerity/[2] The 50 Trillion Dollar Question: What is Austerity? - CounterPunch.org ➤ https://www.counterpunch.org/2021/06/18/the-50-trillion-dollar-question-what-is-austerity/[3] Home - CounterPunch.org ➤ https://www.counterpunch.org/